Daniel_Wu
Short

How to do a good day short trading

FX:AUDUSD   Australian Dollar/U.S. Dollar
First, select varieties
Not all varieties are suitable for day trading, in order to obtain a profit in the day trading, the first thing to choose a good subject matter. Only those with a large variety of volatility and liquidity can make traders make profits quickly.
I recommend: EUR/USD             , AUD/USD             , USD/CAD             , GB/U, XAU/USD            
Comment: Second, select the time frame
Days of short-term is also divided into several, using a minute chart grab a hat; the three minute chart a small band; use the 15 minute chart, trend. You must first decide how long it will take for yourself. If you energetic, the psychological bearing capacity is too poor, it can only choose one minute chart, if you don't want to be too frequent transactions, can choose a three minute chart, if you just don't expect overnight, that can with a 15 minute chart.
Comment: Third, construction system
Regardless of the long-term short-term must have a system, the system at least to cover the following aspects:
1, the timing of the approach - - what situation approach? On this point I can provide a model for your reference:
A: open half an hour does not operate
B: more than half an hour to do the price to do more than half an hour, the price fell below the lowest price of half an hour
This is one of the most simple trading system on the approach, I just cite an example, such as the model:
A: the price of tiaokonggaokai no more, the price tiaokongdikai not short
B: the price gapped below yesterday's high price low price break off, do more
You can according to their own experience and C, D, E, F, G, and other conditions, as long as the conditions are consistent with, do not meet the conditions do not do.
Comment: Traders can only be one of the varieties that are operated in a period of time. Must continue to track the variety of operations, until the species does not have the value of speculation in order to give up. Operation must be at least three different time periods of the market window open: one minute window -- this is for entry and exit timing for; 3 minute window -- just to monitor after entering the band: 30 minutes or 60 minute window -- used to monitor intraday trend change.
Comment: Floating profit 13pips
Comment: +15

Related Ideas

thanks for this one... very helpful..
Reply
Daniel_Wu jimbolopez28
thank you should at 0.753 sell
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out